WSE: Session Results
Polish equity market plunged on Friday. The broad market measure, the WIG Index, declined by 1.29%. From a sector perspective, banking sector (-2.50%) fared the worst, while construction ( 0.29%) was the best-performing group.
The large-cap companies' measure, the WIG30 Index, lost 1.62%. Only eight index constituents managed to generate positive returns with genco TAURON PE (WSE: TPE) outperforming with a 0.76% gain. It was followed by oil and gas producer PGNIG (WSE: PGN), which rose by 0.75%. The company announced that its distribution and regasification rates will remain unchanged, as Poland's energy market regulator decided yesterday to extend current tariffs for gas distribution and LNG regasification until the end of 2016. At the same time, the session's biggest loser was bank PEKAO (WSE: PEO), which tumbled by 4.2%. Other major decliners were genco PGE (WSE: PGE) and agricultural producer KERNEL (WSE: KER), which slumped by 3.25% and 3.15% respectively.